Gaven Depol a a relaces that is pleparing its budget for the upcuming fiscal yeat Management has prepared the following summary of boogeted castiniows. The company beginning cash bolacce for the upcoming fiscal year wit be 525.000 . The company repoles a minimum cash balance of staoco and may berow any sonouns needed feom a local bank at a qaarterty interest eate of 3%. The company may borrow any arnount at the beginning of ary quarter and may repay is loans, or ory part of as loans, at the end of any quarter. Interest poyments Required: Prepirn the corpany's cash budget for the upcoming fiscal yeac (Repoyments, interest, ond coth deficiencies should be indicated by o minus sign